Millennials are likely the most studied generation to date. According to U.S. Census Bureau statistics, there are plenty of them to study. Data exists on numerous subjects related to this generation, though much of it is contradictory. In fact, Millennials are full of contradictions, which, of course, may explain the youth of any generation. Most consistent is that this generation is technically savvy, almost as if it has a digital sixth sense. A wired, connected world is all that Millennials have ever known.
The Challenge
The nearly 80 million Millennials who are about to enter or who are already in the workforce will fundamentally change how business is conducted in the future. Human resource practices and policies designed to
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And they will be looking to Millennials to fill those gaps.
Not far off on the horizon; yes, you guessed it—Generation Z. Born: 1995-2012; will come of age: 2013-2020. Current population: 23 million and growing rapidly. While we don’t know much about Gen Z yet, we know a lot about the environment they are growing up in. This highly diverse environment will make the grade schools of the next generation the most diverse ever. Higher levels of technology will make significant inroads in academics allowing for customized instruction, data mining of student histories to enable pinpoint diagnostics and remediation or accelerated achievement opportunities Gen Z kids will grow up with a highly sophisticated media and computer environment and will be more Internet savvy and expert than their Gen Y forerunners.
By all accounts, Millennials are unlike preceding generations. They view the world differently and have redefined the meaning of success, both personally and professionally. In some cases, this has led to misunderstanding among the different generations co-existing in today’s workplace. Increasingly, however, business leaders are realizing this generation’s unique competencies and perspective, and employers are looking for ways to harness their strengths.
The generations preceding the Millennials are sort of like cowboys; a rugged,
The same traits which make Millennials an asset to a company can also make them a liability. Millennials prefer brief, frequent communications with their colleagues, which can interrupt others’ work and cause distraction. Because of the frequency of those exchanges, this generation often leave
Millennials can be defining in different views as employees, people, and consumers as it endorses and flings some myths about this particular generation (Harvard Business Review (HBR), 2016). According to, Tupper form the MarketingWeek article stated that 50% of global workforce and the corporations by 2020 will be represented by Millennials generation who will be establish and success (2016). HBR states that Millennials are great job
Broadcast journalist and reporter, Morley Safer once stated, “ The workplace has become a psychological battlefield and the millennials have the upper-hand, because they are tech savvy, with every gadget imaginable like an extension of their bodies. They multitask, talk, walk, listen, and type, and text. And their priorities are simple: they come first,”(Safer). Not everyone sees the benefits of coexisting with millennials or Generation Y in the workplace. There are several factors that often give older generations a pause when it comes to welcoming millennials in the workplace, but if they are given the chance, millennials can bring major advantages to businesses and corporations. Millennials commonly bring better communication to achieve a shared goal, a more effective and near-constant use of technology, and they are more diverse and racially tolerant than other generations.
from college to the working world, the millennial generation 's workforce is highly likely to grow
Human capital itself is one of the biggest competitive advantages in this day and age. Having the right people performing the right job creates a valuable synergy. As the general workforce is changing, organizations that want to sustain a competitive advantage must take different approaches regarding their human capital. “Five generations are going to be working together in the workforce by 2020 – that’s certainly a first” (Fry 2015). Additionally, millennials now make up 25% of this workforce and will make up 50% of the global workforce by 2020 (PwC 2011, 3). Different people, and specifically different generations, have different motivators, both intrinsically and extrinsically. Baby boomers and millennials have significantly different opinions of jobs and careers. Excellent leaders will need to be able to identify and exploit different drivers for their employees in
The purpose of this paper is to present business leaders with an organizational communication strategy for preparing for the incoming workforce generation. This group, known as Generation Z, Gen Z, iGen, or the Centennials were born between 1995 and 2009. The oldest tier of this group are now becoming adults and entering the workforce. They will soon join the Baby Boomers, Gen Xers, and Millennials as the fourth generation in corporate America.
The title of the article is ‘The Roar of Millennial: Retaining Top Talent in the Workplace’ written by Lindsay S. Nolan and published in the Journal of Leadership, Accounting and Ethics in 2015.
This becomes even more evident when compared to the new Generation Z. If I were in charge of labeling this new generation, I would call it the Together Generation. The reason for this is tri-fold, the first being that this generation is more focused on their environmental impact than the Millennial Generation (Lolarga 2016). Generation Z grew up amid constant debates about global warming, which undoubtedly affected what they consumed and how much of it they consumed. The second reason behind this name is Generation Z is becoming more connected globally than ever before. Ryan Jenkins remarks, “Millennials were considered the first global generation but as more of the world comes online, Generation Z will become more global in their thinking, interactions, and relatability” (2015). Because of this, Generation Z is not only concerned about themselves and their country, but they are also considering the bigger picture of how their actions influence their country’s actions which in turn affects countries around the world. The final reasoning involves the fact that “60 per cent [sic] of Gen Zers want a job that had a social impact” (Kingston 2014). In connection with the aforementioned points, Generation Z is all about connectedness and building a better world together. Generation Z
Millennials are just as hard working, if not more so, than generations before them. The Millennial generation is actually larger than the baby boomers; CNN reports that there are 87 million Millennials in America today compared to 76 million baby boomers . Millennials acutely understand that competition in the workplace is a real issue, and strive for exceptionalism as a result in order to make themselves more viable in the marketplace. Furthermore, this assumption speaks to a larger issue about the evolving nature of work. Over 90% of Americans rely on their computers today in their current role at their place of employment; as Millennials, this area is our forte. Mastering technology is not a concern for the generation that grew up on the Internet. It should be expected that the concept of “hard work” means something completely different to us. Instead of worrying that Millennials disapprove of Executive Management or want to usurp established leadership, department heads would do well to extend an invitation to closer working relationships with their junior staff. Ultimately, Millennials don’t want to be made CEO immediately; they do, however, want to develop a bond with their CEO as soon as possible, to know that their presence matters and that their work is valued. Millennials have an overwhelming desire to feel connected with their work and a mentorship relationship in the workplace could shift the needle from good to
The millennial's are coming. This can be a very shocking and disturbing thing to many employers and managers. There is a new generation entering the workforce that many see as difficult, lazy, and foreign. While the years vary, millennial's generally are represented by people in the United States born in-between 1980 & 2000 (Kuhl, 2014). This is a new generation of employees who think very differently than past generations and have a very different perception of the employee-employer relationship. Many companies are struggling with recruiting this generation into their workforce and even more companies are plagued by extremely high attritions rates within this demographic. In this essay the ideas of changes to recruiting and on boarding
At least two potential outcomes should be investigated that could result during the current unsettled job market from Millennials’ time shotten traveling, volunteering, working as interns, or pursuing sophisticated degrees—outcomes that may have implications for the organizations in which they ultimately find employment. First, as a terminate of these experiences, Millennials may develop greater awareness of the world around them. During these experiences they are likely to have had exposure to cultural diversity, to have developed greater empathy for lower socioeconomic populations, and to wax advocates for pressing societal issues (Pew Research Center 2007). When Millennials eventually enter organizations, as a result of these
Simon Sinek, a mainstream speaker on leadership, states that the Millennial Generation was set at a disadvantage and that it is up to the corporation to fix it. Sinek summarizes that the difficulties with the Millennial Generation can be summarized into four categories: Parenting, Technology, Impatience, and environment. The man then concludes that the corporations behind the work environment must change to accommodate for the millennial generation’s struggle. Personally, I agree with what Sinek’s statements, and I hope that corporations and Millennials like myself will listen.
Within this research the aim is to find what benefits appeal to the Generation Yers. Throughout this course we learned about the best fit and the best practice approach, which further explains if HR professionals should implement processes and programs due to what works with their organization or play by the rules and regulations. As of this year 2017, Generation Yers/ Millennials have officially surpassed Baby Boomers to become known as the country’s largest generation, and just last year, millennials outgrew Generation X to become the largest portion of the U.S. workforce. ------The presence of this generation has already inspired corporations to make massive changes to the way they conduct business.
and Linda Meltzer states that “Numbering between 50 million and 80 million (depending upon the definition), Millennials represent a sizable population cohort” (61). With a large population, it is recognized that their generation is coming into the workforce with a great impact. The authors further state, “They account for 10% to 15% of the U.S. labor force, and they are currently entering the lower management ranks” (Bannon et al. 61). To understand the hesitation
. The future of millennials in the workforce will increase largely in the future and utilizing this process that achieves success and recognition is a great step in retaining top talents. Furthermore, there are a more opportunities in the jungle gym process as there is the ladder process as Facebook successfully accomplished.